I'm a bit worried
Today I got a strange "notification" by Binance, telling me something like that "if I have some questions or worries about their MiCA license, I should contact their support."
Not the same words, but that was the meaning.
Strange coincidence, I'd say, as in the last days and hours, I've received notifications and emails from several other providers, (some of those like Kraken and Revolut) that I better transfer my crypto with them as they been having MiCA license for months and years and it would be safe to do.
So, my question is, do they know something that Binance does not want to share?
Why contact the support. That would probably be a waste of time and I'd probably have to wait in a long queue to talk to a real person and I have an idea what any AI would say at the moment.
This all gets me a bit worried with Binance.
Perhaps I should get some assets moving? ;)
Now, if you got up to that point, here is a complimentary travel photograph of mine :)
I don't think I see the bigger picture at the moment...
Or am I? :)
Buy my stock photos at Alamy: https://www.alamy.com/portfolio/112427.html
Buy my stock photos at Adobe Stock: https://stock.adobe.com/contributor/206416265/lightcaptured
Copyright: LightCaptured
All the photographs, digital art and text in my posts, unless specified otherwise, are my own property and created by me.
Have a great day!
Here is an uncomplete list of some of my equipment I use on a regular basis:
| Cameras | |
|---|---|
| Canon EOS 5D Mark III | |
| Canon EOS M5 | |
| Canon EOS 550D | |
| Lenses | |
| Canon EF 16-35mm f/2.8L II USM | |
| Canon EF 135mm f/2L USM | |
| Canon EF 100-400mm f/4.5-5.6L IS II USM | |
| Canon EF 50mm f/1.4 USM | |
| Canon EF-M 15-45mm f/3.5-6.3 IS STM | |
| Canon EF-M 22mm f/2 STM | |
| Tokina 11-16mm f/2.8 | |
| 7artisans 35mm f/1.2 | |
| Strobes | Dynaphos Speedster |
| Flashes | Metz |
| Tripods and Mono-pods | Manfrotto |
| Benro |
The divider I use in my posts I have created in Adobe Express.
Upvoted! Thank you for supporting witness @jswit.
From 1 July, Binance will no longer be permitted to carry out crypto transactions within the EU, as the relevant MiCA licence has not been granted or the application has been withdrawn. For the time being, this means no further purchases or sales, and no legal transactions. Your deposits are nevertheless secure and remain accessible. You can access them at any time. As you’ll probably want to trade actively, I’d currently recommend using a different provider (my choice would be Revolut). Binance is, however, still trying to obtain a licence so that they can continue operating as before. Incidentally, I’ve found their customer service to be quick, competent and solution-oriented.
Thank you! Yes, indeed and I am starting to think this is somewhat intentional.
So from what I understand, if any assets are left with them after 1st of Jul, they won't be tradable or transferable, meaning they would be locked until Binance eventually gets their MiCA license.
With regards to Revolut, I don't have their premium levels and the standard level says crypto trading fees are 1.49%, that's a bit high but from my own experience ,the crypto trading fees are 50% as few months ago I won some alt coins by doing a few of their learn and earn programs and when I tried to sell those alt coins, the experience was really rubbish. 50%, come on. I am not trusting my crypto on Revolut. I love their flexibility and speed when it comes to sending money to relatives and friends, but lately, it feels more and more like a regular bank to me ;) My favorite local bank here, has 1% flexible APY on EUR, free instant SEPA transfers and tons of extra services and shopping discounts and offers, and no monthly fees if I do at least 1 transaction in 6 months so it feels almost the same, and the best is they have a real office where I can go and speak to a clerk ;)
I'll probably move some crypto to Kraken, their trading fees are bigger than Binance but so far it's one of the most secure exchanges and they've got their MiCA license long ago.
Have a lovely Sunday! :)